Billionaires Flee Putin's Russia

For mainly Jewish oligarchs, wealth and power has given way to prison and exile
By Dustin Lushing,  Newser Staff
Posted Jul 2, 2007 4:08 PM CDT

A cadre of 50 or so Russian businessmen struck it rich when the USSR's state-owned industries went up for grabs. But most of these billionaire oligarchs are now in prison or have fled, hounded and hectored by the KGB-style tactics of president Putin. The Guardian profiles 7 deposed plutocrats, who've made their bones in oil, aluminum and everything in between.

Most are Jews who translated their Soviet-era black market acumen into a post-Cold War advantage; but in a country teeming with anti-Semitism, Jewish entrepreneurs have had to tread lightly. Some—like Russia's richest man, Roman Abramovich—have managed to ingratiate themselves with Putin, but many are behind bars or abroad. (More Russia stories.)

Get the news faster.
Tap to install our app.
X
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.

X